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☆ Welcome to the Dollar War: a Global Fight Over America's Economic Dominance
▼ + stars: | 2023-07-16 | by ( Phil Rosen | ) www.businessinsider.com time to read: +17 min

The US even reminded everyone just how influential the buck is when it effectively froze Russia out of the global financial system with sanctions last year. Becoming the issuer of the global reserve currency is about trust. The US has controlled the global reserve currency for 102 years — giving it a special status in the world economy. Still, given that the country controlling the global reserve currency holds that status of an average of 94 years, history seems to indicate it's high time for a successor. Why shouldn't the financial world resemble something closer to the mosaic of cultures, politics, and nations that exists today?

Persons: Chenzi Xu, there's, Xu, —, Ron Temple, Gregory Brew, Eurasia's Brew, dollarizing, Stephen Jen, Jen, we've, Stanford's Xu, Luiz Inácio Lula da Silva, Josh Lipsky, " Lipsky, It's, Alexander Wise, Jan Loeys, Loeys, dollarization, Wise, Lazard's Temple, isn't, Phil Rosen Organizations: Stanford, Federal, European Central Bank, People's Bank of China, Lazard, Publishing, Getty Images, International Monetary Fund, Bank of International Settlements, Eurasia Group, Sandman's, Eurizon, IMF, Atlantic Council, JPMorgan Locations: Russia, Israel, France, China, America, Saudi Arabia, Brazil, India, Pakistan, Bolivia, Iraq, South Africa, Beijing

CNN —House Republicans unloaded a barrage of criticism directed toward FBI Director Christopher Wray Wednesday, outlining a litany of complaints while Wray testified before the House Judiciary Committee. Chairman Jim Jordan opened the hearing launching into a wide array of attacks on the FBI. “House Republicans will attack the FBI for having had the audacity to treat Donald Trump like any other citizen. FBI Director Christopher Wray is sworn in prior to testifying before a House Judiciary Committee hearing. “We did stand up a whole dedicated unit to focus on threats to FBI, individuals, FBI employees and FBI facilities because of the uptick that we saw over that time period,” Wray said.

Persons: Christopher Wray, Wray, Jim Jordan, Hunter Biden, Donald Trump, Joe Biden, “, ”, Matt Gaetz, ” Wray, ” Gaetz, Edgar Hoover, Gaetz, Jonathan Ernst, ’ Wray, Trump . Jordan, Jordan, Jerry Nadler, ” Nadler, Saul Loeb, –, John Durham, Biden, Hunter, ” that’s, ” Jordan, Thomas Massie, Massie, Nadler, Jack Smith’s, – Wray Organizations: CNN — House Republicans, FBI, Catholic Church, Florida Republican, Reuters, GOP, Foreign Intelligence, Republican, Trump ., Ohio Republican, Republicans, Trump, DOJ, FISA, “, White, ” New York Rep, ”, Committee, Getty, CNN, US State Department, Biden, White House, Democratic National Committee, Capitol, Trump’s Locations: Richmond, Florida, Washington , DC, Ohio, United States, Russia, Durham, Ukrainian, Louisiana, Kentucky, Lago, Mar

☆ FBI director boasts that applications are 'up over 100%' in Florida after Matt Gaetz says people trusted the FBI 'more when J. Edgar Hoover was running the place'
▼ + stars: | 2023-07-12 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

FBI Director Christopher Wray bragged about the agency's recruitment when informed of its low popularity. Republican Rep. Matt Gaetz claimed the bureau was trusted more under the notorious leadership of J. Edgar Hoover. Gaetz grew agitated with Wray after a series of aggressive questions about Hunter Biden and the FBI's January 6 investigation. "People trusted the FBI more when J. Edgar Hoover was running the place than when you are. "I certainly didn't perjure myself," Wray shot back Gaetz, who had accused him of lying to lawmakers.

Persons: Christopher Wray, Matt Gaetz, J, Edgar Hoover, Wray, Gaetz, Hunter Biden, it's, Hoover, Martin Luther King Jr, Wray volleyed, Hunter, Biden, Donald Trump, James Comey Organizations: Republican, Service, FBI, Florida Republican, Democratic, Republicans, Intelligence, Committee Locations: Florida, Wall, Silicon

☆ The cult of Emily Oster
▼ + stars: | 2023-06-22 | by ( Sarah Todd | ) www.businessinsider.com time to read: +30 min

Emily Oster is sitting in the back of a car, checking her Garmin watch as we lurch through rush-hour traffic toward the Holland Tunnel. A self-described expert in data, Oster uses her economics training to dig into studies on things like circumcision and screen time and translate them for popular consumption. There doesn't seem to be much of a gap between the way Oster presents herself in her books and newsletters and the way she conducts her life. Unsurprisingly, economics informs every aspect of the way Oster sees the world. When Oster was a toddler, her mother told a Yale colleague that Oster often talked to herself before falling asleep.

Persons: Emily Oster, doesn't, Oster, Taylor Swift, Spock, —, Mandy Moore, Emily DiDonato, Amy Schumer, " Oster, Emily, Aisha McAdams, Claudia Goldin, who's, Lori Feldman, " Feldman, Winter, It's, reopenings, Timothy Caulfield, Oster's Brown, OSTER, She's, Sheryl Sandberg's, Brown, Denis Tangney Jr, graham, Eminem, Sharon Oster, Ray Fair, Jesse Shapiro, Katherine Nelson, Carl, Choate Rosemary Hall, John F, Kennedy, Glenn Close, Ivanka Trump, Goldin, Steven Levitt —, Oster —, Paul Farmer, Steven Levitt, Oster's, Levitt, Robert Barro, demographer Monica Das Gupta, Joseph Delaney, she'd, I've, Matt Notowidigdo, Chicago Booth, hadn't, Udo Salters, Patrick McMullan, Shapiro, Jessica Calarco, Dr, Anthony Fauci, Donald Trump, Calarco, Rochelle Walensky, Delaney, University of Manitoba epidemiologist, Abigail Cartus, Justin Feldman, Delivette Castor, they're, COVID, Castor, Notowidigdo, Carter, you'd, she's, there's Organizations: Garmin, Brown University, New York Times, American Academy of Pediatrics, Yorker, Yale School of Management, Yale, Harvard, Connecticut, Choate, University of Chicago, Forbes, Wall, Publicly, University of Manitoba, Getty, Oster, Centers for Disease Control, Columbia University, Harvard Business School Locations: Holland, Montclair , New Jersey, Montclair, Harvard, Providence , Rhode Island, New Haven , Connecticut, China, Canada, Chicago, Ohio, New Jersey

☆ Daddy, Are You an Influencer?
▼ + stars: | 2023-06-13 | by ( Charlotte Cowles | ) www.nytimes.com time to read: +2 min

“With Instagram, a lot of men were uncomfortable with putting up these edited, staged pictures and captions,” said James Nord, a founder of Fohr, an influencer marketing firm in New York City. And all of a sudden, here’s someone people trust and relate to, talking about new pants that they love. Dads also said they spent about 10 hours a week on household chores in 2016, an increase from four hours in 1965. (Alas, while dads are doing more, a major gender gap persists: Mothers spent about 14 hours a week on child care and 18 hours a week on housework in 2016.) “I think a big reason that what I was doing resonated was that I was honest and genuine about what I was experiencing.”

Persons: dadfluencers, ”, James Nord, TikTok, influencers, Dad influencers, Nord, “, Thomas Piccirilli Organizations: Pew Research Locations: New York City, United States, Monmouthshire, England

☆ Fewer people trust traditional media, more turn to TikTok for news, report says
▼ + stars: | 2023-06-13 | by ( Helen Coster | ) www.reuters.com time to read: +2 min

TikTok is the fastest growing social network in the report, used by 20% of 18- to 24-year-olds for news, up five percentage points from last year. Trust in the news has fallen by 2 percentage points in the last year, reversing gains made in many countries at the peak of the coronavirus pandemic. On average, 40% of people say they trust most news most of the time. Across markets, 56% of people say they worry about identifying the difference between real and fake news on the internet – up 2 percentage points from last year. Reporting by Helen Coster; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Rasmus Nielsen, Helen Coster, David Gregorio Our Organizations: YORK, Reuters Institute for, Journalism, Reuters, U.S, Trust, United, Thomson Reuters Foundation, Thomson Reuters, Thomson Locations: United States

☆ I got more tips at Olive Garden by giving out free dessert and I didn't mind breaking the rules to make people happy
▼ + stars: | 2023-06-07 | by ( Fortesa Latifi | ) www.businessinsider.com time to read: +4 min

When I went to my next shift at Olive Garden, I decided to give away free dessertIt was pretty easy to do. There were instances where managers would give away free desserts or bottles of wine to unsatisfied guests so it felt normal. I never told anyone I was giving away free desserts, and no one ever figured it out. It's pretty basic: look good, feel good. Editor's note: Olive Garden had not responded to a request for comment as of time of publication.

Persons: Thais Rodriguez, Rodriguez, —, they'd, I'd, It's, Olive Garden, Logan Organizations: Service, Olive Garden, Olive Locations: Olive, Florida, Olive Garden, mlogan

☆ Corporations are 'greenwashing' you. An expert explains how big companies mislead us into thinking they're making better choices for the environment when they could be making things far worse.
▼ + stars: | 2023-05-15 | by ( Tom Lyon | The Conversation | ) www.businessinsider.com time to read: +7 min

For example, a company may tout the $5 million in its renewable energy investments for the year. Lyon: Greenwashing is any communication that leads the listener to adopt an overly favorable impression of a company's greenness. You may get a company that says: Look at this, we invested US$5 million in renewable energy last year. Instead they're coming from a voluntary offset that's offered by some free-standing producer that's not included in a cap. You can look at the whole movement toward renewable energy and companies that produce solar or wind energy.

☆ Iranian Insider and British Spy: How a Double Life Ended on the Gallows
▼ + stars: | 2023-05-01 | by ( Farnaz Fassihi | Ronen Bergman | ) www.nytimes.com time to read: +2 min

But later, in an audio message broadcast by BBC Persian — it had been obtained through his family, according to Mr. Akbari’s brother — Mr. Akbari said the confessions were coerced. Iran says Mr. Akbari betrayed the country and traded state secrets for money. In the videos, Mr. Akbari said he was recruited in 2004 and told he and his family would be given visas for Britain. Iran has said that MI6 paid Mr. Akbari nearly 2 million pounds, currently about $2.4 million. Mr. Akbari met with the British ambassador in Tehran as part of his official job, and traveled to Europe often for business, Mehdi Akbari said.

☆ Premarket stocks: Google and Microsoft fight over the future of AI
▼ + stars: | 2023-04-26 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

Microsoft, Google and a number of smaller rivals are in a race to integrate generative artificial intelligence technology (similar to ChatGPT) into their search functions and other applications. Both companies see it as an integral part of their future, but it was apparent on Tuesday that Microsoft and Google aren’t in agreement about what that future will look like. Analysts have expressed worry that Google is falling behind the competition when it comes to AI innovation. First Republic shares plunge 50%The past few weeks have been brutal for First Republic Bank (FRC). First Republic Bank also said Monday that it expects to cut its workforce by 20-25% this quarter.

☆ Jack Teixeira's alleged Discord leaks show why the US should not give Top Secret clearances to 21-year-olds
▼ + stars: | 2023-04-15 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +9 min

Nevertheless, that looks to be the US intelligence community's approach to handling classified information. The tangled views of Jack Teixeira, who was indicted Friday in connection with leaking hundreds of classified documents to a private Discord server, are still coming into focus. There are classified phone systems, email systems, fiber optic cables, and a Wikipedia clone. Aside from the question of how many people have access to secrets, it's also worth considering how many of those supposed secrets belong on classified systems at all. Who was tracking the whereabouts of the volume of secret files he appears to have sent to the printer?

☆ Corporate leaders should be more honest with workers when job cuts are about performance, rather than the economy, a Harvard professor says
▼ + stars: | 2023-03-23 | by ( Josée Rose | Tim Paradis | ) www.businessinsider.com time to read: +5 min

Layoffs shouldn't be used as a way to cut low-performing workers, Harvard's Sandra Sucher said. That's because layoffs are often the result of a slumping economy or missteps by management. But sometimes, leaders who are eager to sweep away lackluster workers can be tempted to clean house under the guise of layoffs. That's a bad idea, according to Sandra Sucher, a professor of management practice at Harvard Business School who's studied layoffs. Even broad job cuts that purport to target only the lowest-ranked workers can harm a company, Sucher said.

☆ Jeremy Siegel says bitcoin's rush higher will fizzle out once people trust banks again
▼ + stars: | 2023-03-22 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Wharton professor Jeremy Siegel said bitcoin's recent boost will fade out once people start trusting banks again. He said cryptocurrencies push a narrative that the conventional financial system is terrible, helping drive bitcoin gains amid a banking crisis. The world's largest cryptocurrency is trading around the $28,000 mark – it's highest level in nine months. "Bitcoin was launched with a mantra that the banking system was terrible, and the economy needed an alternative. So, the narrative is helping drive money into bitcoin with a 30% gain in the last week," Siegel said.

The HDP, parliament's third-biggest party, wants the opposition to back demands for Kurdish rights and other issues. The Kurdish party held talks with Kilicdaroglu on Monday and is expected to announce this week whether it will back him. HDP lawmaker Imam Tascier said Kilicdaroglu had acknowledged the "Kurdish problem", terms reminiscent of language used by Erdogan in earlier years when he was seeking Kurdish support. Now, he said, Erdogan "pushed freedoms, democracy, human rights and the Kurdish problem away with the back of his hand". Yet, legal challenges could derail the role of HDP, which also won almost 12% of the national vote in 2018.

☆ Premarket stocks: Why today's inflation report is so important
▼ + stars: | 2023-02-24 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Recent data has shown that inflation is still hot, and that the economy is rip-roaring. On Thursday, JPMorgan Chase (JPM) CEO Jamie Dimon publicly expressed his doubt in the central bank’s ability to control inflation. This, in turn, can help make it easier for the central bank to achieve its inflation targets. Blackrock analysts wrote in a note Thursday that “we think we are going to be living with inflation. Watson was accused in a federal indictment of having “engaged in a scheme to defraud OZY’s investors, potential investors, potential acquirers, lenders and potential lenders.”The charges said that Watson committed the fraud “through material misrepresentations and omissions” about Ozy Media, including the company’s finances, investors, business partners, contracts, and potential acquisitions.

☆ AI in the Workplace Is Already Here. The First Battleground? Call Centers
▼ + stars: | 2023-02-18 | by ( Lisa Bannon | Photographs Elijah Nouvelage For The Wall Street Journal | ) www.wsj.com time to read: 1 min

CHATTANOOGA, Tenn.—Johnathan Bragg has always looked at his job selling home-repair insurance the same way an artist looks at a canvas. “I got this road map in my head of what it looks like when you’re delivering world-class customer service—what triggers people, what makes people trust you,” Mr. Bragg said. “It’s like when da Vinci was painting.”

☆ AI in Your Workplace: Efficient, Bossy, Dehumanizing
▼ + stars: | 2023-02-18 | by ( Lisa Bannon | Photographs Elijah Nouvelage For The Wall Street Journal | ) www.wsj.com time to read: 1 min

☆ How Putin's Russian goon squad used Mexican gig workers to troll an American election
▼ + stars: | 2023-02-18 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +25 min

Posting to social media sounded like an easy work-from-home gig, so he applied. This post from the Prigozhin-backed Social CMS network in Mexico referred to America as "we." He verified his account by providing chat transcripts, screenshots, contracts, and internal company documents. But just because Social CMS didn't yield an immediate, large-scale impact doesn't mean it should be ignored. "I didn't know who are you," wrote the person who is listed in the corporate directory as Prigozhin's media liaison.

☆ It's not just Google — closer inspection reveals Bing's AI also flubbed the facts in its big reveal
▼ + stars: | 2023-02-14 | by ( Aaron Mok | ) www.businessinsider.com time to read: +5 min

Dmitri Brereton said Bing's new AI chatbot "got some answers completely wrong" during its demo. As part of Microsoft's unveiling of the new tech, Bing's AI was asked to list the pros and cons of the three best-selling pet vacuums. "I hope Bing AI enjoys being sued for libel," he wrote. The AI arms race may lead to the spread of misinformationBrereton's observations come as Big Tech companies like Google and Microsoft enter an AI arms race. While Brereton told Insider that generative AI search engines like the new Bing can be "quite transformative," he noted that releasing it prematurely "could lead to big problems."

☆ Google is facing its first real competition in search
▼ + stars: | 2023-02-08 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

This is the first time search engines are in legitimate competition — with all thanks to ChatGPT for the plot twist. Now, the chatbot is integrated in Bing and gives the search engine its first fighting chance against Google. Microsoft for now has a "first-mover" advantage, meaning its first-ever AI search engine can attract a large share of users. More on the first-ever search engine race here. Tech workers with skills in Web3, AI, and cybersecurity remain in high demand.

☆ Greek PM dashes hopes of swift return of Parthenon marbles
▼ + stars: | 2023-01-11 | by ( Renee Maltezou | ) www.reuters.com time to read: +3 min

ATHENS, Jan 11 (Reuters) - Greek Prime Minister Kyriakos Mitsotakis on Wednesday dismissed reports of an imminent repatriation of the Parthenon sculptures known in Britain as the Elgin marbles. Greece has accused Lord Elgin of theft and does not recognise the British Museum as owner of the sculptures. [1/3] A man looks at the Parthenon Marbles, a collection of stone objects, inscriptions and sculptures, also known as the Elgin Marbles, on show at the British Museum in London October 16, 2014. The British Museum has always rejected returning the parts in its collection, which include about half of the 160 metre (525 ft) frieze that adorned the Parthenon. Many countries have pressured British institutions to return looted artefacts, especially given that the British Museum only displays about 1% of its collection.

☆ The supply chain crisis is coming to an end — but 2 looming threats could reignite the chaos
▼ + stars: | 2022-12-20 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +6 min

Holiday shopping went well, so you might assume supply chains are fixed. At a quick glance, supply chains have healed and shopping seems back to normal. Supply chains are running much more smoothly than they have in more than two years right now. A major indicator that supply chains have been off balance is the inventory-to-sales ratio, which is tracked by the US Census Bureau. A return to seasonal rushes and lulls, without massive, global disruptions, will be the sign that supply chains are "back to normal."

☆ Viral TikToks about IUDs portray distrust of doctors, new research shows
▼ + stars: | 2022-12-16 | by ( Morgan Sung | Morgan Sung Is A Trends Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +6 min

Viral TikToks about intrauterine devices (IUDs) tend to portray negative experiences more often than positive ones, recent research found, and often focus on physical pain and mistrust of doctors. Just under 28% mentioned distrust of health care professionals, while around 24% contained “moderately or highly inaccurate scientific claims,” according to the researchers. Wu said she perceives a "communication gap between health care providers and patients on this topic," which can contribute to distrust in the health care system. "From my own experience as a resident physician, I do have patients talking to me more about pain," Wu said. Her team's research also demonstrates that "there is a space for health care professionals, or health care professionals working with influencers that people trust and love" to talk about birth control options, Wu said.

☆ Nobel laureate Paul Krugman calls for a crypto crackdown after the FTX fiasco - and warns regulation could wipe out the industry
▼ + stars: | 2022-11-18 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Plunging prices and collapsing companies show crypto needs to be regulated, Paul Krugman says. The Nobel Prize-winning economist warned stricter rules could spell the end of the crypto industry. Krugman suggested traditional banks could dominate the crypto space if regulators crack down. The veteran economist also took aim at crypto exchanges and lenders, which are facing mounting financial and regulatory pressures. He pointed out that both crypto firms and traditional banks rely on people trusting them with their money.

☆ Crypto: What's next as FTX collapse triggers 'Lehman moment'?
▼ + stars: | 2022-11-11 | by ( Julia Horowitz | ) edition.cnn.com time to read: +7 min

And can the beaten-down crypto industry bounce back? What’s clear is that the fallout from the FTX crisis injects significant volatility into the crypto ecosystem. “Thank God!”Can the crypto industry survive? “In the short term, this is going to be really, really bad for the crypto industry,” said Jog of Sei Labs. Fok said he expects the FTX collapse will push institutional investors away from the crypto space just as they had been warming up to it.

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